IFSC Code, MICR Codes for STATE BANK OF INDIA in ANDHRA PRADESH - CUDDAPAH - PRODDATUR - PRODDATUR

STATE BANK OF INDIA RTGS HO Branch in PRODDATUR - Address, IFSC, MICR Code


IFSC Code

SBIN0000901

MICR Code

516002004

Branch

PRODDATUR

Contact

0

Address

PRODDATUR MAIN BR GANDHI RD. PIN-516360

City

PRODDATUR

District

CUDDAPAH

State

ANDHRA PRADESH





What is IFSC Code of STATE BANK OF INDIA situated at PRODDATUR- RTGS-HO?
IFSC Code of STATE BANK OF INDIA situated at PRODDATUR - RTGS-HO is

SBIN0000901

What is the meaning of IFSC Code, MICR Codes in Banking industry?
IFSC or Indian Financial System Code is the code allocated to all banks branches. Bank branches use this code to participate in RTGS and NEFT transactions.

What is the significance of IFSC Code and how we can use it?
IFSC Code is a 11 digit code and we can use this code to communicate between different branches of different banks. Upon receiving the request for fund transfer it is easy for a bank to identify the payee branch. First four characters are code of bank, last six digits are branch code and fifth character is left 0, for any future use.